GENERAL
INFORMATION:
In
view of the prevalent dissatisfactory procedure/process
of resolution of disputes arising out of various contracts
that PSEs enter into with private agencies through
the existing mechanism available, SCOPE at the instance
of
its member PSEs took the lead with consent and support
of DPE to establish ‘SCOPE Forum of Conciliation
and Arbitration’(SFCA) under the aegis of SCOPE
to resolve the disputes in the most professional manner.
The Forum has framed its own Rules and empanelled as
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conciliators/arbitrators spread over all parts of the country
for operational convenience of both the parties. These Arbitrators have
been chosen keeping in mind their expertise in
different fields and comprised of senior executives
of PSEs, former Judges of various High Courts and Supreme Court
of India and other senior Civil Servants.
The Forum was formally launched on 9th January 2004 by the then Hon’ble
Minister of State for Heavy Industries and Parliamentary Affairs. This Forum
will facilitate institutional Arbitration in a much faster and cost effective
manner as there exists inbuilt clauses in the rules which bind the arbitrators
with respect to time limit to settle the dispute and the Arbitration fee as well.
The Forum is equipped with all infrastructural facilities including Secretariat,
Arbitration Rooms, Library etc. It is located at Core-8, 1st Floor, SCOPE Complex,
Lodhi Road, New Delhi 110 003.
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